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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (51383)	5/13/2002 8:17:42 PM
From: t2	Read Replies (1) \| Respond to of 65232

JW, Pimco's Bill Gross publishes his outlook on their website (pimco.com) some time evening according to CNBC. Not bullish on bonds; bull market in bonds is over according to him; expects inflation to pick up. That all must mean a weaker dollar. I only saw 1/2 of interview at lunch; missed the balance after the close of the market. Will be interesting to see what he puts in print on the website. btw--I still think there is a possibility that a weak dollar could be bullish or at least neutral for the DOW stocks in the near term, as long as they have reasonable valuations. Nothing positive for Nasdaq at all. OF course, GOLD stocks should still be the HUGE outperformers.

To: Jim Willie CB who wrote (51383)	5/13/2002 8:20:40 PM
From: stockman_scott	Respond to of 65232

Strike on Nuclear Plants Threatened Mon May 13, 5:33 PM ET By JOHN J. LUMPKIN Associated Press Writer WASHINGTON (AP) - U.S. intelligence officials have received threats that terrorists will strike a U.S. nuclear power plant July 4, and are reviewing the information to determine whether it is reliable. The government is taking the threats seriously, though officials have preliminarily determined that the information is not credible enough to act upon, said officials familiar with the investigation. The officials, who spoke on condition of anonymity, said the alleged plot to attack on America's celebration of independence is one of scores of threats filtering through U.S. intelligence and is not considered serious enough to formally warn the public or change the nuclear industry's already high level of alert. The threat received last week suggested that an unidentified Islamic terrorist group was planning to attack a nuclear power facility in the Northeast, officials said. It did not specify a target. Unlike some other recent threat information, the power plant threat did not come from Abu Zubaydah, the senior al-Qaida operational leader in U.S. custody. Abu Zubaydah's interviews with U.S. interrogators led a recent warning to banks, and heightened concerns al-Qaida was developing a radiation-spreading dirty bomb. Rep. Edward Markey (news, bio, voting record) of Massachusetts, a senior Democrat on the House Energy Committee, said that while he didn't know if the threat was credible, it indicated that "al-Qaida is seriously targeting U.S. nuclear facilities for future attacks." He said he is urging the Nuclear Regulatory Commission to take such steps as restoring a no-fly zone within a 10-mile radius of nuclear plants, federalizing the security force and conducting more extensive background checks of all plant employees. The Washington Times first reported the threat.